Press Room

Ideal Credit Union Makes History as First Credit Union in Stillwater, MN

(Woodbury, MN – December 21, 2016) – When Ideal Credit Union’s new Stillwater branch opened for business on December 5, 2016, it was more than just another new office opening - it was history in the making. That day, Ideal officially became the first credit union to operate in the Stillwater community in its 162 years of existence.

Located at the intersection of Highway 36 and Washington at 2020 Washington Avenue, the new tech-savvy Stillwater branch is approximately 3,000 sq. ft. and offers 24/7 drive-up ATM lanes for deposits and withdrawals, a full-service teller counter inside, self-serve coin counter and three offices for new accounts and member service discussions. Mortgage Services and Wealth Advisor Investment services will be available in branch on an as-requested basis.

“We are proud to become Stillwater’s first credit union and offer a more contemporary approach to traditional banking,” said Ideal CU President/CEO Brian Sherrick. “Since announcing our expansion to Stillwater we have received extremely positive feedback from not only our members, but potential members who are anxious to experience the ‘ideal’ difference in financial services. With our doors now open, we invite everyone to stop by and receive friendly day-to-day banking.”

Jarrod McClaine of Stillwater, who joined the credit union in 1995, was the first member to visit the new branch on its opening day. Branch Manager Sarah Jaeger presented McClaine with a gift basket and thanked him for stopping by.

The new Stillwater branch processed 112 transactions, welcomed 8 new members, helped 4 existing members and opened its first business account in its first week. Close to 1,000 current Ideal CU members live in the Stillwater community.

Founded in 1926, Ideal Credit Union is a member owned financial institution that specializes in providing excellent member service, great rates and convenience to 50,000 members. Ideal CU offers a complete range of services, including a full suite of electronic banking products, savings, checking, loans, mortgage products and title services, exclusive VIP member payback, business services, investment services and more. Visit idealcu.com for details and locations.

About the author

Cindy has worked in the Marketing department at Ideal CU since 1995 and currently sits on the Board of Directors of the Ideal CU Community Foundation. She worked as a broadcast and print journalist prior to pursuing a career in public relations and marketing. Cindy has a passion for wine, painting, political advocacy and the Denver Broncos. She enjoys blogging about wine and visiting local wineries, power walking and watching Netflix. Cindy is a member of the Minnesota Grape Growers Association (MGGA), the Southern MN Wine Grower Alliance (SMWGA) and a strong advocate for cold climate wines produced in Minnesota and the upper midwest. She holds a WSET Level 1 Award in Wines and is a certified server.